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less vulnerable. sandy was a devastating storm. many lives were lost as a result of the storm bond seven in my state of maryland. eight billion people on the east coast of the united states at some time were without power at the results of sandy. maryland fare much better than our surrounding states. we sent a lot of our resources to help our friends in new york and new jersey and other states that were impacted, but it was the severe storm for the people in maryland. the high sustained winds were unprecedented in our state. 70 mile an hour winds, hour upon hour upon hour, doing incredible damage to our state. heavy rains. we had record number amount of rains, nine inches in the coastal area. that caused extreme coastal flooding, storm surges worked severe, waves were as high as seven feet. i want to talk specifically about the 2 regions of our state in which people are still trying to recover from the severity of the storm. one is western maryland. we were experiencing nine inches of rain on the east coast of maryland, western part of our state had this blizzard that occurred that
of sandy is a stark reminder of just how vulnerable our critical infrastructure is. as this crucial backbone is rethought and rebuilt, cramer looks at one stock that seems to be in a powerful position. could it recharge your portfolio? and later -- >> house of pleasure. >> pending home sales rose to a five-year high today. which stock should you move into, as the foundation for growth and housing becomes more secure? tonight, it's an open house for three potential plays on a real estate rebound. which one should you put an offer out on? >>> plus best medicine? health care trust of america leases over 12 million square feet of medical space nationwide. could their hefty dividend help your portfolio stay healthy? cramer gives his prognosis in an exclusive with its ceo just ahead. all coming up on "mad money." >>> now that we've had a month to reflect on hurricane sandy, one thing is very clear. our nation needs a new power grid. you know that and i know that. i call this storm a wake-up call to government officials and the utilities they regulate all over this country to finally start
, and that is it for today. >>neil: have you seen this? call it a town brawl, one month after sandy hit, the victims are having it out. >> homeowners insurance cost -- offered me $150. what can i do with that? what? what? i need your attention. okay. we need to rebuild. i don't want did leave my house. it is not a house, a home. >> i have mold and he is telling me to avoid, where am i supposed to goes i have gone to fema, to the sba. >> when you go home and get to celebrate if a nice warm house, i have no electric trip, -- electric or sewage but the city comes and the inspector says it is okay to live in. a joke. a joke. you wonder why people are mad? we the middle class and we are getting nothing from fema. they go around in a circle. deny. deny. deny. deny. deny. deny. deny. it is a joke. >> now it is out of control. the fuming still over fema. >> welcome, everyone, i am neil cavuto, done but not out. today, speaking out. victims of super storm sandy still without heat. it will without water. still without homes. now, giving fema officials who planned an otherwise, well, informational townhall mee
. or is there no market for it. a faded media interest of hurricane sandy despite the fact that there are those reeling because of hurricane sandy. it's november 30, 2012 and our planet is in jeopardy i. if you haven't heard about it today. don't worry, it will be the same story tomorrow 31 [ ♪ music ♪ ] >> jennifer: many people think that climate change only threatens the future and won't effect them. try telling that to the victims of super storm sandy. it's been over a month since sandy slammed the east coast and killed 120 people in the u.s. and caused billions of dollars of damage. unless you live in one of the affected areas you probably think things are back to norm. but that's because the media is barely cleaning up the cleanup efforts. in new york city, they're living in third world conditions, raw sewage continues to flow into water ways. thousands still have no power and direct subway service is not expected to return into the middle of next year. >> we were up to five feet of water. it was not water but it was all cesspool so it was sewage water. >> how much can a body tank. >> blankets
, but not broken. coming up, inside lady liberty for a look at the damage left behind by sandy to see what needs to be done to get this american icon back up and running. dermatologist recommendedcer ] aveeno has an oat formula, now proven to build a moisture reserve, so skin can replenish itself. that's healthy skin for life. only from aveeno. make a wish! i wish we could lie here forever. i wish this test drive was over, so we could head back to the dealership. [ male announcer ] it's practically yours. test drive! but we still need your signature. volkswagen sign then drive is back. and it's never been easier to get a jetta. that's the power of german engineering. get $0 down, $0 due at signing, $0 deposit, and $0 first month's payment on any new volkswagen. visit vwdealer.com today. can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. since ameriprise financial was founded back in 1894, they've been committed to putting clients firs
.s.a. yesterday in sandy stricken new jersey and new york a secret santa was handing out $100 bills. the anonymous missouri man sought out people who had been devastated by hurricane sandy. and while he plans to hand out $100,000 in total, he says it's not about the money, it's about committing random acts of kindness. which he surely did. >>> and speaking of random acts, this new york city police officer did something incredibly kind for a homeless veteran in need, and he did it when he thought no one else was looking. >> reporter: it was a moment of kindness captured in a photograph. an nypd officer helping an apparently homeless man. >> it was freezing, and the first thing i thought was like this is absolutely unacceptable. so i went up to him. i was like, where are your socks or your shoes or anything? >> reporter: officer larry deprimo says he was so moved by what he saw he went into this store to find the man a pair of shoes. >> it's kind of hard not to be inspired. again, it was a regular night. it was pretty busy. you know, business as usual. but, again, this officer kind of took the time
who went to a town hall meeting begging fema for help in the wake of super storm sandy and felt their calls went unanswered. >>>> (inaudible yelling) >> we can nt go nowhere. >> i don't know what's going on here. >> over 700 people were there many couldn't fit into the auditorium. >> the united nations voting to we can niez a palestinian state. -- to recognize a palestinian state. >> thousands of people celebrating in the west bank. general assembly officially changed the palestinian status from u.n. observer to an observer state. >> palestine is not a state. when the u.n. engages in this kind of activity shows a real lack of commitment to stop it from happening. >>> netanyahu says the vote violates past agreements. >> george h.w. bush rapidly improving in the hospital. the 88-year-old was admitted for bronchitis and readmitted the day after thanksgiving. the doctors at the methodist hospital say the condition was never serious but wanted to prevent it from becoming pneumonia. former president bush could be released as early as this weekend. >> we know two people have won the re
of applause for marilyn. >> good job. >> thank you, sweetie. >>> we have sandy, 63 from new brunswick, canada. that's so nice. she had the same look as long as she can remember. she was excited to get a glam new look. let's hear her story. >> i'm excited for this one because underneath here i know that there is a hot little body and you're single. tell me what you want? from this makeover. >> i would like to look like a new yorker. >> a new yorker. >> yes. >> and you're single so we're going to make you look very glam so maybe you can find your ultimate man. >> that would be a bonus, yes. that would be great. >> all righty. she is here with her daughter-in-law lynn. let's look at sandy before and bring the new sandy out. >> wow! all right, lynn. take off your blind fold there. >> oh, my god. i love it! >> turn around, sandy. see what she's clapping for. >> oh, my gosh. it's beautiful. i love my hair. >> you obviously did a major makeover here. >> sandy had the problem of she was born blonde, her hair kept going gray and she kept highlighting it. >> look at the difference. >> i put color all o
in the ocean levels made the damage worse when hurricane sandy hit the east coast and took so much away from us. the big question is the future, of course, and a new kind of normal for all of those living along the water. it is where we begin tonight, our chief environmental affairs correspondent, anne thompson has more on what we learned. >> reporter: well, the information comes from a group of international scientists, brian and shows we're living climate changes in real time. this july was the warmest month on record. and tonight, there is new information that reveals just how fast the world's ice sheets are melting. the numbers are staggering. 344 billion metric tons of ice melting in antarctica and greenland a year. the weight of more than a million empire state buildings, the information was published in the journal, from researchers who looked at the data gathered over the last 20 years. creating what they say is the most accurate picture of melting. in antarctica, the east region is gaining ice, but it is not enough to make up for the loss on the rest of the continent. in greenland, it
things forward. i think it's really remarkable and i think we all now recognize with hurricane sandy, with the inclement weather and the winter we're having now that climate change and renewable power and local energy provision is paramount and we need to main ain and amplify that commitment as a city. i also continue to have my eye on the prize of the local build out and the promise of that because i think not only is the job opportunity great, and all kinds of implications around work force training and at the local level and diversify that source and needs to be local and hurricane sandy has shown us that. that if there were nor localized power 4,000 people wouldn't be out of power right now so i am supportive of moving forward as quickly as possible with the education and outreach that needs to happen. i also concur with president torres and this is organic and evolving and this financing piece is really an important discussion to have and i would welcome having that with the lafco to talk about if the possibility of local build out over this four year contract could reduce th
.s. exports also helped. the impact super-storm sandy has had on the job market seems to be dissipating. 23,000 fewer americans filed for first-time unemployment benefits during thanksgiving week compared to a week earlier. the total was 393,000. it had jumped to over 400,000 in the weeks following t storm. still, we saw just modest gains on wall street today-- the dow rose 36 points, the nasdaq was up 20, and the s&p 500 added six. >> tom: the roster of companies announcing special one-time paydays for their shareholders continued growing today. taxes on stock dividends are currently set at 15%. but with no deal on the fiscal cliff, dividends will be taxed like regular income, meaning they could go up to over 40% for some high-income households. we spoke with larry mendelson, the chairman and c.e.o. at avionics gear maker heico, which announced its own special dividend this week. larry, thank you for joining us, we appreciate it. what role did the fiscal cliff play in heico decision to paid fiscal dividend. >> i think the fiscal cliff was very important. and moreover the threat to increase
. this is abc news, washington. >> let's go back and talk about the storm coming in. sandy is in for spencer tonight. this is a doozy. >> it is going to be indeed da dan. it's already starting to intensify. rainfall in santa rosa check out the winds over the higher terrain gusting 40 to 50 miles an hour. even 60 miles per hour wind gust writ now at the lower elevation we now at the lower elevation we are let's check out live doppler 7 let's check out live doppler 7 hd. becoming active. we havew 32 miles an hour out of the south east. heavy rain and strong winds for the morning strong winds for the morning rush hour. rain continues on all this moisture will only do intensify the rainfall here in the bay area so we get dumped on here. 11:00 p.m. tonight the front is approaching the north bay and we'll start to see the rainfall picking up. at 4 a.m. heaviest rain orange and yellow still centered in the north bay. notice the slow moving nature of the storm. at 6:00 a.m. it's barely pressing south and east. that's where we will see some gusty winds continuing. potential for thunde
of great stories for you. yesterday in sandy-stricken new jersey and new york, a secret santa was handing out $100 bills. the anonymous missouri man sought out people who had been devastated by hurricane sandy. and while he plans to hand out $100,000 in total, he says it's not about the money. it's about committing random acts of kindness. >>> speaking of random acts, this new york city police officer did something incredibly kind for a homeless veteran in need. and he did it when he thought no one else was looking. >> reporter: it was a moment of kindness captured in a photograph. an nypd officer helping an apparently homeless man. >> it was freezing. and the first thing i thought was, this is absolutely unacceptable. so i went up to him, and i was, like, where are your socks or your shoes or anything? >> reporter: the officer says he was so moved by what he saw, he went into this store to find the man a pair of shoes. >> it's kind of hard not to be inspired. again, it was a regular night. it was pretty busy, business as usual, but again, this officer kind of took the time, saw something
and blames superstorm sandy and five below, the name says it all. everything in the store $5 or less. and posted a profit this time around and is that 8? yeah. ultra salon cosmetics, strong profits, rich women buying makeup. up it goes. whole foods, one of my favorite stocks, whole food stores, upscale grocery store paying them a special dividend this year. this calendar year of course, and what may be a big tax increase on dividends next year. what will their liberal customers think of that? the stock is up. and pharmaceuticals, same thing, one time dividend, two bucks a share and this is only a-- this is a $6 stock. and he's paying $2 a share and so it's up $10% and sea gait makes computer hard drives and mixing the regular dividend by 6 cents a share and another dividend play before the end of the year, stock is up. dow industrials, flat as we suggested. we're up 8 points. we've been calling it a tax revolt and whole foods the latest to join in and billions in corporate profits paid to investors before the new year to avoid what may be higher taxes next year. more on that coming u
a pretty good rebound. as you said, some of the hurricane sandy koufax did affect this number we will find out on monday whether the sales came back when they announced november numbers. if you average this out, we saw, even in our company, a decline in sales of our merchant services. we have seen more of a return to normal and i was encouraged, but i guess it is now black thursday to cyber monday sales look pretty good. connell: everyone says, all right, well, what if we do not get there in terms of this washington self that monica was just talking about and we do not have a deal at the end of the year. does that didn't stop us in our tracks and terms of economic recovery? >> 20% odds on recession. if you go over the cliff and the economy falls into recession, you may have higher tax rates, but you will not have higher revenues. if you go back into recession, less people working, less income, more people out of work, more employment compensation, i do not think that is in anyone's interest. connell: if i had to make a prediction, it is in both interest of speaker boehner and president oba
sandy victims. that is ahead unless breaking news changes everything. this is "studio b." first from fox at 3:00 in new york city we met the family that held one of the winning tickets to the record-breaking $588 million powerball jackpot. cindy hill bought the ticket in dearborn, missouri, population 500, half hour north of kansas city but she held off on checking the numbers. >> i didn't find out until the next day after i took my daughter to school and i want by to sigh the numbers. i got back in the car and i didn't have my glasses and i was, like, anying is that the right number? is that the right number? i was shaking, i called my husband and i said i think i am having a heart attack. >>shepard: i want a divorce. her husband, a mechanic, said he needed to seat winning ticket. who wouldn't? they live in the show me state and the six-year-old daughter says she wants a pony. >> remember early this year a woman in maryland claimed she won part of a record-breaking mega millions jackpot and appears in a news conference with a sweet swine hat on her head. more winners from the drawing wi
ahead secret santa has a surprise gift for hurricane sandy victims. that's coming up next on "the five." i believe it's bob's segment. >> bob: it is. keep going. ♪ ♪ ♪ [ male announcer ] it started long ago. the joy of giving something everything you've got. it takes passion. and it's not letting up anytime soon. at unitedhealthcare insurance company, we understand that commitment. and always have. so does aarp, an organization serving the needs of americans 50 and over for generations. so it's no surprise millions have chosen an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they help cover some of the expenses medicare doesn't pay. and save you up to thousands in out-of-pocket costs. to find out more, request your free decision guide. call or go online today. after all, when you're going the distance, it's nice to have the experience and commitment to go along with you. keep dreaming. keep doing. go long. ♪ ♪ >> bob: just so everybody knows we're benching brian next week keeping him on
and hurricane sandy being one of them. we're also seeing around the world real demographic changes in our country. there is accumulation of population under urban areas and we have to look at those areas where we meet the challenge of climate change so we have to look at promise of our cities. san francisco bay area is a city that has great resources to meet the challenges of global climate change. this program, the cleanpower sf program is what we have. it's our greatest tool to assure we're doing our part around climate change around the world, and this little area of the world can actually make a huge difference, and that's what we have to decide how we're going to implement over the next few months, but the major work that we have actually accomplished by green lighting this program to move forward. i want to also emphasize that while we're actually implementing a program addressing our part with climate change and creating the clean power program in san francisco we're meeting a program that meets the needs of the city, not just around clean energy but employment and if we're suc
occasion we do want to take a moment first to recognize those impacted by hurricane sandy and mourn the lives loft from this disaster. of course the giants share a deep history with new york and our prayers go out to everyone on the east coast affected by this disaster and the red cross in those regions they really need our help everybody and we encourage you to donate for the relief fund at red cross .org and the giants players are going to make donations and the giants' organization is going to match the donations by the employers. just think everybody here today and 1 dollar from all of us. that can really help and donate at red cross .org and we thank you for your generosity. it was just two years ago that we captured the championship since moving to san francisco and i think we're happy we didn't have to wait until 52 years. [cheers and applause] we've got another trophy in this great city by the bay. [cheers and applause] so today giants fans once again you are all world champions and together we are giants, so we have a wonderful program planned for you today and i know you
to the impact of hurricane sandy. >> pelley: thanks, anthony. so can washington make a deal on the budget and avoid those tax increases? we're getting our first look tonight at president obama's proposal and the republican reaction. major garrett is at the white house for us tonight. major. >> reporter: scott, the first hard numbers from the white house to resolve the fiscal cliff crisis landed with a thud on capitol hill. congressional republicans called it an insulting joke. here's the big picture-- $4 trillion of deficit reduction over the next 10 years. it includes $1.6 trillion in higher taxes on households make manage more than $250,000. there's also $400 billion in cuts to entitlement programs, like medicaid and medicare, as well as others. there is also fresh new aending. $50 billion next year in stimulus spending, all for infrastructure. the white house calls this an opening bid. house republicans call it a rehash of old ideas and also object to the idea of a white house asking a permanent legislative remedy to raising the debt ceiling, all of it, the republicans say rather, is u
and an early christmas for victims of hurricane sandy. santa claus comes to the east coast bearing $100 bills. this is the morning news. east coast bearing $100 bills. this is the morning news. new ba. [ male announcer ] it's the power of aspirin plus more in a triple action formula to relieve your tough migraines. new bayer migraine formula. for centuries." ♪ this levian collection is amazing. maybe it's time to start your own. [ female announcer ] kay jewelers presents today's levian collection... [ gasps ] featuring exclusive levian chocolate diamonds. from the levian family - where the latest in fashion meets fine jewelry. one more reason kay is the number-one jewelry store in america. it's... a work of art? ♪ every kiss begins with kay but lately she's been coming in with less gray than usual. what's she up to? [ female announcer ] root touch-up by nice'n easy has the most shade choices, designed to match even salon color in just 10 minutes. with root touch-up, all they see is you. introducing a revolutionary new mascara. clump crusher...crusher. 200% more volume. zero clumps. new cl
of that merchandise off the shelves. > a number of retailers are mentioning that hurricane sandy damaged their sales. could that benefit some consumers? > > it is going to depend on where you live. if you live on the east side or the northeast side, where you were hit by hurricane sandy, you are probably going to see some good sales on luxury items, because right now people are spending their money on home improvement, and they are spending their money on recouping the everyday stuff they lost in the hurricane. meanwhile, on the west coast, those luxury items are already being sold at a pretty steady pace right now, so you are not likely to see a lot of sales on that. but certainly there will be sales, and dependent on how the season progresses, you can expect sales like that. but you are better off on the east coast getting sales on luxury goods than you will be on the west coast. > thank you very much for that update. jen waters. > > thank you. two million toys seized so far this year, and that's before christmas. that number comes from the u.s. consumer product safety commission, along with u.s.
and this is mainly due to super storm sandy peopl. this is due to people being unemployed. will bring you the numbers from wall street drop the number. no time there is pretty bad and press the rainfall that is coming down and now we're seeing some flooding. >> the heavier then start in concord walnut creek. it is not as intense as what is what wethere is heavy rain in te walnut creek area. there is rain fall more than a 10th of an inch in certain areas. light ran for the shore freeway and there are no longer heavy over the dumbarton bridge. a lot of the rand has pushed his way through the a's. as we turn our attention to the south bay it is a trek to when it will impact you. as we take a look that when that will hit the south bay it looks like you will be under some heavy rain and about 6:42 a.m.. you should really be prepared for this and as we head into the afternoon the showers will start to taper off. we do have strong whins up to 20 m.p.h. for places like half moon bay. we do have a flash flood warning to and 9:00 a.m.. as we head into tomorrow we still could see some showers ruling on and off.
hurricane sandy will shave another point or so off of growth. >> i think it is. that is why despite all of this, what i think of as process, it is a lot of posturing. it is a lot of politicking. people still remain convinced that these guys cannot be serious. they cannot be serious about pushing us off the fiscal cliff because it will have bad responses to republicans. the obama people will be able to say you gave away the ability to keep taxes down on 98% of americans. and for the president, the idea that he would allow the taxes to go up, again, on appetizing for him given that he said he would protect the american middle class. lori: he said the same thing over and over again. how do you see this sorting itself out? >> from purely a political viewpoint, i did not see why anyone would not make a deal. the fear i have is they just kick the can down the road thing and they create a three-month bridge. not the heart and soul of it which will be, as you said, some kind of tax hikes. then, you move on, in terms of the entitlement cuts. i do not think we will get the social security. when i
at lady liberty after superstorm sandy. >> we have a packed show ahead. steny hoyer, harvard economics pro-presser ken rogoff. russell simmons, former presidential candidate jon huntsman and good samaritan larry deprimo. >> gave the boots to the homeless man. we're going to get the whole back story there. it is friday, november 30th. tgif. to you and you as well. "starting point" begins right now. >>> your elected officials trading insults, playing the blame game here as the clock is winding down on the fiscal cliff. keep in mind time is a-wasting. in 32 days now tax rates soar, spending gets slashed. oh, and don't forget, congress, yeah, they get to take a break for the holidays in 14 days. a recipe for recession. the president is pitching a plan that calls for $1.6 trillion in tax heights and $50 billion in new infrastructure spending. he'll head to a manufacturing plant in pennsylvania to push all this. republicans aren't buying in. listen to house speaker john boehner's reaction. >> despite the claims that the president supports a balanced approach, the democrats have yet to get seriou
,000. second straight drop after a super storm sandy caused a spike in claims across the northeastern united states. the storm also caused big headaches for major retailers according to folks at master card who track spending sandy kept shoppers in hard hit areas from spending estimated $4 billion in stores. today big name chains macy's targeting and kohl's weak sales in november. came despite strong black friday sales which many started on thanksgiving day itself. you have probably heard that the maker of twinkies is about to go belly up. the company wants to pay a number of high level executives nearly $2 million in bonuses. that's despite the fact that 18,000 employees are about to be out of work. you will recall hostess brands decided to shut down operations earlier this month it. it makes wonder bread, who he who hes. dingdongs. bakers union gone on strike over salary and benefit cuts. the union claims years of mismanagement ran the company into the ground. $1.8 million in bonus money wouldn't have saved the money from bankruptcy far from it but it's still a lot of mud in the eye for al
in new york state. % why? because of hurricane sandy and the presinks they had to use like paper ballots and they haven't been able to count them all. parts of new jersey most of those uncounted votes are up in the -- up in the northeast. so, as they are counting these votes t the president's total gets up and up and up. right now the count is the president has 65,000,069,89,000 romney 60,570. the president has a 5 million vent margin. that puts the president. still a million and a half to go at 50.9% of the vote. he will become in fact you have to say it's 51%. definitely 51%. that makes president obama only the second president in history to win two terms with more than 51% of the vote. the only other president who did that was dwight eisenhower in 52 and '56. >> that's an incredible statistic. >> that really is. >> so it was a historic win for obama, historicwin. president obama beat mitt romney by more votes than george bush beat john kerry and we know that was a blowout. people think of that as a blow out. this was a bigger blowout. >> it al
in the northeast weren't doing much car shopping. the second half had to be on fire. sandy may have been the singest biggest car destroyer since katrina. or maybe more, given the fact that so many imparted cars were damaged near the cox of the region's rivers. tuesday morning we hear from the brothers toll. here's the best home builder in the country go. ing to tell you the story of the boom. if you remember there was a time when bob toll of toll brothers and eagles fan came on "mad money" during what turned out to be the early part of the housing collapse. he said he saw the light at the end of the tunnel. but it was most like lit light of an on-coming train. those days are gladly behind us. i suspect the toll tells a story that it goes down the fiscal cliff monday. every day is fiscal cliff tuesday, wednesday, thursday. you get the picture. anyway, you should pull the trigger here to buy it here if the fiscal cliff does what i'm afraid of. brown foreman reports wednesday. this is an interesting one. why? because goldman downgraded it to sell. just last night. i've seen this movie. they
to come, picking up the pieces after super storm sandy. one month after she blew ashore, some are still reeling. if you are one of the mill in -- the many millions who uses a search engine on line, you might want to listen carefully. a global battle is brewing between the likes of google and publishing companies who say they should be paid for extracts of newspaper articles displayed in results. parliament debates a new law that gives publishers a much stronger copyright protection on line. here is the story from berlin. >> when you type in newspaper into google, who should get paid? google, who looks at the land of the newspaper? or those to pay for the advertising space? that is the argument in germany. >> google is able to pay such an amount, or they are able to commute to the newspapers from a search engine. >> but as prince -- print migrates from paper to computer screens, google argues it puts more readers in touch with more newspapers. >> would bring to them every month for billion cliques at worldwide. -- 4 billion clinics worldwide. this is 100,000 clicks' per minute. this is o
,000. it was the second straight drop after superstorm sandy caused a shark spike in unemployment applications. the four week average rose to 405,000. >>> vets can apply for jobs for up to 30 employees including toyota, home depot and the local police department. >> we're good people. we want to -- we want to work hard. we want to serve that organization. we want to better it. we want to bring in those organizations. >>> there was also a workshop to help veterans polish up their resumes. they've helped more than 14,000 veterans find jobs nationwide. >>> hostess brand says it has a bounty of potential buyers for its popular line of cakes. hostess says it has 110 furious potential buyers which include twinkies and zinger breads. they also will give bonuses totaling $118 million while firing 18,000 workers. >>> they're calling it a shock. the federal government is booting out a century old bay area tradition. what this may mean for your food crisis. >>> well go ahead and dream. today's deal will bring a national power ballot reu -- power lottery. what has some calling it a negative. have a good night. here
can feel the rage. hurricane sandy and the eruption at fema officials. ahead of the holiday season. we will update you coming up next. and a cartoon snake comes the new face of a 2 trillion-dollar pension nightmare. we will tell you which state could be collapsing under the weight of its own promises, and whether you'll come in the u.s. taxpayer, could be footing the bill for a government bailout that you probably don't realize. >> so the pool of money is smaller. the demand on a pool of money leaves the current workers to ask whether there will be enough when they are able to retire. the problem is the squeeze. some laxatives like dulcolax can cause cramps. but phillips' caplets don't. they have magnesium. for effective relief of occasional constipation. thanks. [ phillips' lady ] live the regular life. phillips'. prego?! but i've bought ragu for years. [ thinking ] woer what other questionable choices i've made? i choose date number 2! whooo! [ sigh of relf ] [ male announcer ] choose taste. choose prego. the megyn: we are keeping a close eye on cairo, egypt, after they have drafted
. the 0.2% decline in october partially being blamed on the impact of superstorm sandy. why not. >>> starting off tonight, taxes are the talk of the town and have been for daze. seems like much of the conversation is focused on the wealthy to get them to pay more. a new study by the tax foundation flips the argument over who really is paying their fair share on its head. the numbers show tax rate paid by individuals in income top 1%, was 23%. all filers in bottom 50%. paid 2%. that is 10 times more. joining me scott hodge. from tax foundation. we have also the founder. sqm management. thanks for joining us. scott, i want to start with you since the numbers are manying from your foundation. what is the average takes rate for our viewers and why did you decide to isolate this metric? >> this is brand new data out of the irs for 2010. the average for all americans is somewhere around 10 or 11% but for the wealthiest americans, those in the top 1%, those earning over say $370,000 a year, they're paying over 23% of their income in federal income taxes. as you mentioned, the poorest 5
hurricane sandy because precisely of this but does that sustain? >> we think more important than the volume story their ability to achieve higher pricing levels. wall board is about $130 per thousand board feet. we could see that go to 145 next year. it is most inflationary single item in the building products universe. this is big driver of earnings. liz: tied to lumber or what? >> no. better pricings strategy. one price for the entire year as opposed to different prices to different customers. david: now you have a defensive pick. if you're less certain about the continued economic recovery you would pick fortune brands home and security. why? >> yes, sir. fortune brands is market share leader in plumbing. market share leader in the cabinet business. huge exposure to new residential construction. if they get higher volumes, that will drive profitability. have ex-streamly high quality management team. the best in class operator. we like their dominant dogs in the categories they operate. look for continued share gains and extremely robust earnings growth. they do 80 cents this year. 1.10 t
giant ♪ >> gretchen: you have to see this next story. frustration boiling over for sandy victims with a meeting with fema official. >> my wife and my kids are somewhere else and that's where i spend christmas. where do i put deckerationn and christmas tree up? robert moses is live on staten island. heated would be understatement for that meeting last night. >> absolutely. gretchen, good morning to you. emotions are clearlyy raww here on staten island a month after hurricane sandy hit. this is an area that got pummeled in the storm. hundreds packed into and spilled out of the high school auditorium with a meeting with elected officials and representative from city agents and fem a. they wanted agents about homes and air quality issues . those in audience were told to write down the questions and the meetingly was an emotional shouting match with residents pleading for help. >> why do you do with. >> moy homeowner's insurance offered $150. >> i need yourr attention please. >> middle class is getting the royal finger and he said fema borks for me. fema keeping going in a circle. >>
of things. sandy continues to make me feel these numbers are too difficult. i find them unfathomable. the speech is about way too much unemployment and very unfathomable in terms of the actual destruction. you got numbers from two different governors. they are unusually low. i don't trust any number during this period. >> especially the number we'll get a week from today which estimates for nonfarm are not that good. 75 maybe. sandy will continue to ring in our ears for the next few weeks. >> and then i believe you're going to get when you get supplies rebuilt and enough bricks and enough lumber. did you see that lumber hit a six-year high yesterday. >> wow. >> copper. a lot of people talking about short buy on copper. everyone saying it's about china. a lot of copper comes from scrap and the scrap in the northeast where there's a huge amount of copper, it's extraordinary. a lot of equipment is stalled. >> think of the copper wires here downtown eroded because of exposure to salt water that need to be replaced. >> when i hear the things that have been thrown away, the 500,000 cases o
. mostly because people were hit by super storm sandy. the government also says the consumer and come stayed flat for the month of october and did not rise. we're watching the dow up 10 points right now. we will have a complete update on trafficked in bay area weather we come back. the heaviest cells are in sound san mateo and livermore. they range is moving through concord but we have some are headed towards fairfield and san jose shortly. even here the what you're seeing right now. snow was on the way for the sierra. and light at three is 6 in. of snow on wednesday and there are expecting a lot more, over the course of the weekend with this system coming through. no. start reporting 7 in. of fresh snow on their trails. 7 ft. is the forecast for the next several days for the higher elevations. not bad for the sierra. of course we have to drive and a here on the bay with all of the rain that is coming in right now. it is causing problems for us this morning. erica storm tracker 4, walk us through it >> been morning james it looks like the rain is picking up. at last check it was raini
there are still struggling to get back on their feet after sandy. you'll see what happened. >>> plus, will the supreme court take up same sex marriage? we could get an answer very soon. re? i love math! but two ipads means two data plans? that's crazy. maybe not. with at&t mobile share, adding an ipad is just $10 a month. but honestly, mom and dad's love is all i really need. we should keep these for us. we should keep these. what?! [ male announcer ] at&t mobile share. add an ipad for just $10 a month. one plan. up to 10 devices. at&t. rethink possible. aids is not going to take my baby. ♪ aids will not take our future. ♪ our weapons are testing... education, care and support. ♪ and aids... ♪ aids is going to lose. aids is going to lose. ♪ in that time there've been some good days. and some difficult ones. but, through it all, we've persevered, supporting some of the biggest ideas in modern history. so why should our anniversary matter to you? because for 200 years, we've been helping ideas move from ambition to achievement. and the next great idea could be yours. ♪ with
, the commerce department said americans cut back on spends. does ropes from sandy could slow growth for the rest of the year taking a like look the dow up six, back above 13,000. the nasdaq down three. >>> we are watching zynga stock and it's -- that and facebook changed their relationship status so it's less exinclusive. a new agreement lets facebook develop it's own games, zynga no longer has to use facebook. >> personal income and consumer spending was affected by sandy. it's a new government report out that said consumer spending fell two tenths of a percent in october. the first decline in five moss. economists expected to go up slightly. personal income stayed flat in october. the experts expected the increase of two tenthths of a percent but the government said that hurricane sandy reduced salaries by more than $18 billion for that month. >>> the los angeles auto show will open later this day and the ford fusion is a big award winner. it's the greenest car of the year because of all the power options this include a hybrid version, a plug in hybrid and a gas saving thank saving turbo gas
of superstorm sandy. here now to chat about it, jason brooks with kcbs and cbsmoneywatch.com on a friday. >> good morning. >> reporter: good morning. it's about the "fiscal cliff" on wall street but we have a number of positive signals on the economy. consumer spending did pull back in october according to the commerce department by 2/10 this is the of a percent following an 8/10th of a percent of gain in the previous month. superstorm sandy depressed spending. unless holiday sales soar over the 4th quarter it's going to be tough for the economy to continue the gain of 2.7% that the commerce department reported in the 3rd quarter yesterday. stockton focused on any talks out of d.c. -- stock market focused on any talks out of d.c. on the "fiscal cliff." the dow over 13,000. pretty modest start to the day today. right now the dow is up by 5 points. nasdaq though falling by 3. s&p down by one. social game maker zynga getting hit hard after announcing it and facebook are changing their partnership. zynga down 7.5%, facebook down slightly. back to you. >> thank you, jason brooks with kcbs and
sandy. it's had more impact on the economy. >> yeah. americans cut back on spending last month and their income stayed flat and with more on that let's join ashley morrison of cbsmoneywatch.com. she's in new york city. ashley, are you there? good morning. >> reporter: good morning, frank and michelle. yes. we're keeping our eye on the "fiscal cliff" this morning and the markets are changing as we speak. but earlier this morning asian markets rallied on gains by exporters and year end buying. tokyo's nikkei gained .5% to close out a 7 month high while hong kong's hang seng also rows .5%. >>> on wall street, stocks ended modestly higher on homes of a budget deal and on encouraging economic reports. dow was up 36 on thursday. the nasdaq finished 20 points higher. >>> and president obama presented his plan to avoid the "fiscal cliff" to members of congress. the $4trillion plan includes $1.6 trillion in new taxes on upper income americans. $400billion in cuts to medicare and other entitlement programs. $50billion in stimulus spending and the end of congressional control over the deb
the benghazi issue? what changed the last weekend toward obama? >> certainly i think sandy changed things. it let the president be president. >> it changed the subject from benghazi. >> i would also say this race was more of a referendum in some way on mitt romney than it was the president, and that's unusual -- >> does your side -- i know you're a true believer and i respect that. do you think -- i mean it. do you think they didn't really believe he believed? >> no, i don't think that was the problem. i think the bigger problem was two things. they never personally kented with him. they never felt this attachment and they didn't see him as -- >> personal. >> skekd of all, i think we failed middle income blue collar voters who feel we no longer understand their life, no longer are fighting daily for them, and they think what we're about are just the social issues and fighting for tax breaks for the wealthy. that's not what we're about, but we sure let that perception happen. >> my dad is a regular republican, not a right winger. he used to say the trouble with my party is they care about
on record. the average is 12. we are showing you damage brought by superstorm sandy and hurricane isaac. it was one of 10 named storms. >>> storm season here in the bay area and a big one is on the way. hitting parts of the bay area. >> this one will have more of a punch than the one a few days ago, or yesterday. this will have more rain and wind. the moisture pushing in to the west coast. heavy rain. that is a big looking storm. isn't it? we check out the radar. showers throughout the bay area. the focus of the rain tonight and tomorrow will be up here in the north bay. the concerns will be for the russian river drainage basin. looking for heavy rain in feather canyon. second storm tonight starts tomorrow morning for most of the bay area. 6:00 a.m. we are going to have the flash flood watch in effect. wind advisory in effect and a high service advisory in effect. those combine to make for a nasty friday morning commute. the story tonight, heavy rain in the north bay. works south over night into tomorrow. good news with this, there is breaks. at least it looks like there is a break. you
the storm on live doppler 7 hd. stay with us. sandy will be back with the full forecast in just a few minutes. >> then later. come up next on "nightline". kid given shock therapy or locked in windowless closets. we investigate the hash even dangerous discipline in some schools across the country. >> plus you meat self made mogul who reinvented the girdle mogul who reinvented the girdle and built the billion dollar >> the maker of popular generic cholesterol relevant drug is shutting down production because tiny glass particle were found in the pills. this is the largest micker of liptor and they recalled the medicine and investigating how the glass got that the product. the pills sell for about 20 percent less than the name brand li liptor. >> now to 7 on your side consumer report. if you bought an lcd television set or lap top before 2006 you have money coming to you. there is a settlement class action lawsuit that claimed 10 companies inflated praises for lcd panel. if you bought a device with that screen between 1999 and 2006 you have until this thursday to file a claim. pay
commissioners, i know with vice president rachel norton, sandy -- stepped with us on the steps today for the cities to step up and support the most vulnerable high school students that are in danger of not graduating, i think about 1900 students as the chronicle stmed two days ago. but i am sensitive to supervisor campos' comments about the potential threats to the rainy day fund and imhoping with the week's continuance that we try to work on this issue. i know -- lee, one of the -- and sf usd has developed an action plan to make sure students have potential to meet a through g, csu requirements that we support as many people as we can with not only after school programs but on line and other types of supplemental support so that we maximize our support so we make sure students don't fall through the cracks and they could earn their diplomas for high school. i agree with supervisor olague that this is a issue about equity. it's about supporting not only african-american and latino high learner high school students as well and i think it's an important effort that we make a statement
shopping season. superstorm sandy knocking the wind out of consumers up and down the east coast. joining us to talk about the retail sector is davidberman, founder of hedge fund derden capital. thank you for coming in today. it is great to have you here. we looked at the retail numbers yesterday. and a lot of companies were saying it was just superstorm sandy. it shut down the stores in some cases or kept consumers at bay. how do you think we will fare to the holidays? >> yesterday was big day for retail. those that roar yesterday, genuinely speaking had poor numbers. we knew it was the hurricane. we knew it would be weak. you know. it was supposed to be adjusted in the expectations. numbers came in way below expectations. some of the stocks got hammered, macy's, kohl's. we are trying to make sense of what that means. we when you go through each retailer in the numbers, really the first half -- businesses really slowed. first two weeks. anything we think of, not the hurricane itself. must have been the concern, you know, about the hurricane and people watching tv. people focused on that. al
.s. avoided a major hurricane making landfall. some of you may say what about hurricane sandy? >> sandy was considered a cold core storm when it actually slammed. >> storm tracker 4 is showing very heavy rain above the san jose area. there are a lot of power outages including on the bridges. we will have more and we continue. >> we are back. pg&e are reporting a major power outages across the bay area. $10 of them are coming from the bay area alone. 350 are in san francisco and about 200 and the east bay peripatetic will update you as more information is available. >> there's a power outage on the stand and you can see the stream of headlights. this is the section into san francisco and this is the upper deck. and you do not see the suspension cables. they are typically 01 but they're having a power problem. the iran also is causing problems for the commute and we have a look at the golden gate bridge. and this is a wet deck and georges keeping us updated with this. >> storm tracker 4 shows ran across the bay area cup is keeping an eye on we may catch a break. >> right around 10:00 a.m.
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